Pros and Cons of Using a Credit Card
                     
PowerPoint Presentation



Pros and Cons of Using a 

Credit Card


CREDIT CARDS VERY USEFUL BUT ARE 

HARMFUL IN THE WRONG HANDS. 

CREDIT CARD IS BASICALLY A CARD 

WHICH PROVIDES USER TO HAVE 

TRANSACTIONS AND USER CAN PAY ITS 

PAYMENT IN 45 DAYS.


PROS OF CREDIT CARD


PURCHASING POWER

CREDIT CARDS PROVIDE YOU WITH 

PURCHASING POWER WORLDWIDE - IN 

YOUR AREA AND OVERSEAS, AN 

INTERNET-BASED, BY TELEPHONE AND 

ALSO AT STORES, OBVIOUSLY. MANY 

CREDIT  CARDS ESPECIALLY VISAS AND 

MASTER CARDS ARE USABLE AND 

ACCEPTED ALMOST ANYWHERE.


REWARDS

USING A CREDIT CARD, YOU CAN 

GENERATE MONEY-BACK IN YOUR DAY-TO-

DAY PURCHASES. CARDS SUCH AS THE 

BLUE CASH EVERYDAY CARD FROM 

AMERICAN EXPRESS GIVE CARDHOLDERS 

CASH-BACK ON PURCHASES AT U.S. 

SUPERMARKETS, U.S. GASOLINE STATIONS 

AND CHOOSE U.S. SHOPS. THERE ARE 

MANY DIFFERENT OFFER AVAILABLE.


PAY LATER

CREDIT  CARDS ALLOW YOU TO BUY 

NOW AND PAY LATER. ITS GIVEN 

DURATION OF 45 DAYS TO PAY THAT 

AMOUNT. SOMETIMES ITS VERY 

HELPFUL WHEN YOU ARE NOT 

HAVING CASH YOU CAN USE CREDIT 

CARD.


BUILD CREDIT

THESE ARE INDISPENSABLE TOOLS FOR 

THOSE ATTEMPTING TO BUILD CREDIT. 

BY LOOKING INTO MAKING FREQUENT 

PURCHASES AND KEEPING UP-TO-DATE 

WITH YOUR INSTALMENTS, YOU ARE 

ABLE TO RAPIDLY DEVELOP A 

RESPECTABLE CREDIT RATING. 


EMERGENCY PROTECTION

IDEALLY, YOU HAVE ANY URGENT 

SITUATION AND YOU NEED FUND 

COMPARABLE TO SIX TO TWELVE 

SEVERAL WEEKS OF THE EARNINGS ITS 

VERY HELPFUL TO YOU OUT IN SITUATION 

OF THE LAYOFF, MEDICAL EMERGENCY OR 

ANY OTHER UNPREDICTED EVENT. 


CONS OF CREDIT CARD


INTEREST

PROBABLY THE MOST APPARENT 

DRAWBACKS OF UTILIZING A CHARGE 

CARD IS HAVING TO PAY BACK 

INTEREST. IF NOT PAID ON TIME MORE 

CHARGES OF INTEREST INCREASES.


LATE CHARGES 

MISS A REPAYMENT AND YOU’LL PAY 
LATE FEES. IT INCREASES YOUR 

AMOUNT OF MONEY TO BE PAID 

WHICH IS  A LOSS FOR USER.


DESTROY CREDIT

IF MISTREATED, CREDIT CARDS 

CAN SEND YOUR CREDIT RATING 

RIGHT INTO A MANNER. FOR MANY 

PEOPLE, CREDIT CARDS COULD BE 

DESTRUCTIVE. USE CARDS BUT 

WISELY.


THANKS